1) I rivetted the sheetmetal skin onto the pipe. I ended up with a decent profile but a little bit of warp. Shoudn't be that noticable and i doubt it will really matter as far functioning as a rudder.
2) I taped the bottom shut and cracks with a mix of aluminum tape and kapton tape.
2) I am a big fan of great stuff, and I decided to product test a new product that claims to be the "Next Generation of Insulating Foam to Fill Gaps & Cracks": Loctite Tite Foam.
It claims 4X more density with more uniform structure. It "Seals out Water, Moisture & Pests". "More resistance to the elements without becoming brittle.", "Withstands Build&Material movement", "bonds to wood, metal, stone, brick, pvc"
Listen to Rosses first bondo instruction, wear gloves! 
I didn't. I've tried a bunch of thinners - the recommended one for Loctite Tite Foam is Acetone - which I found too late. It's sticking like an extra layer of skin sort of like superglue does.
You can lead a horse to water, but you can't make it drink I guess.
-CB/AKJ